Midwest

Prospects are bleak for a breakthrough on Illinois’ two-year-old state budget stalemate.

Bankruptcy is no cure for junk-rated Chicago Schools’ fiscal ills, says schools chief Forrest Claypool.

The Highland School Board approved the issuance $5.5 million worth of bonds at its meeting on May 22.

Minnesota voters are shooting down school bond issues at the highest rate in years, with five out of six referendums rejected last week alone.

Chicago's departing budget chief says budget gains will help the city resolve its pension problems.

Time’s almost up for Illinois state lawmakers and the governor to come up with a budget plan that all can live with as the spring legislative session ends this week.

Moody's Investors Service places Mercy Hospital's (IA) Baa2 rating under review for downgrade, affecting approximately $74 million of rated debt.

Illinois is trying to block efforts to put Medicaid providers on par with debt service payments.

The Aurora City Council has passed a $16.5 million bond issue to fund capital projects during the next four years.

Chicago's school board advanced plans to sell $900 million of short-and-long term debt.